Bank Services: British Nationals Abroad

Treasury written question – answered on 24th September 2020.

Alert me about debates like this

Photo of Hilary Benn Hilary Benn Chair, Committee on the Future Relationship with the European Union, Chair, Committee on the Future Relationship with the European Union

To ask the Chancellor of the Exchequer, what guidance his Department has issued to UK customers of British banks who are resident in the EU on the continued availability of their bank accounts after 1 January 2021.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

Whether UK banks can service EEA-based customers is a matter of local law and regulation and may be impacted by how firms are set up, and what steps they have taken to continue to service customers. We expect banks to act lawfully and in accordance with local regulators’ expectations.

We also expect that banks work to ensure good outcomes for their customers and provide timely communications to them to enable them to make appropriate decisions and take necessary steps. If customers are concerned then they should speak to their provider.

Does this answer the above question?

Yes1 person thinks so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.